Aloha,
The record high of $1,185,000 for a single-family home must be looked at carefully.
In February there were a smaller number of single-family closings and a large percentage of those were on luxury properties. In contrast, the condo median price declined 3.6% year-over-year to a median price of $494,000.
All in all, while prices and interest rates remain high, it is a fairly balanced market between Buyers and Sellers. Please click on the map below for neighborhood information or just call me!
Here are the February 2025 Market Statistics from HBR.
As always, I love to hear from you!
Thank you, Judy
